COVID19:Global Fall Protection Market is projected to reach a value of over USD 3.5 billion by 2027

FALL PROTECTION MARKET: SUMMARY

The Global Fall Protection Market is projected to reach a value of over USD 3.5 billion by 2027 at a CAGR of around 5.9%.

Fall protection is a safety equipment referred to any type of planned system to prevent or minimize falls from construction sites and many other places. Fall protections are mostly commonly used in construction sites that are at heights and is achieved by different methods. There are four categories of fall protection such as fall elimination, fall arrest, fall prevention, and administration control. Fall protection equipment is constantly evolving to simplify and improve traditionally dangerous tasks for which there have previously no safer methods. Developing user friendly equipment, industrial specialization, and customization are some of the major trends across each fall protection equipment.

FALL PROTECTION MARKET: DRIVERS & CHALLENGES

Market Driver:

  • Stringent Government Regulations

Growing concerns regarding safety of workers from hazardous environmental conditions working in different end-use industries owing to which government has imposed rules and regulations. The Occupational Safety and Health Administration (OSHA) has imposed a regulation that sets and enforces protective workplace safety and health standards. For instance, OSHA has published regulation 1926.502 for fall protection criteria and practice. Additionally, Canadian Center of Occupational Health and Safety has provided fall protection plan which will help to reduce risks associated with near openings or at heights.

Thus, stringent regulations and guidelines are imposed by the government which has anticipated to surge the fall protection market growth during forecasted period.

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  • Increasing Demand Form Construction Industry

Falls are the second leading cause accidental or unintentional injury deaths across the globe. According to World Health Organization, an estimated 646,000 individuals died globally of which over 80% are in low and middle income countries in 2018. Constructions sites usually requires workers to operate at elevated platforms such as aerial work platforms (AWP), ladders, scaffolding, and hoist elevators. Many a times, construction workers also have to operate close to the edge of excavated areas, elevated walkways, steep roof, wall opening, and working surfaces with cutouts. Thus, they are susceptible to accidents by fall. For instance, according to Health & Safety Executive, 30 fatal injuries were reported in the UK in year 2019. Thus, increasing safety concerns of workers has increased the demand for fall protection form construction industry which in turn will boost the market growth.

Market Restraint:

  • Increased Automation in End-use Industries

Industrial automation is the use of control system such as robots or computers, and information technologies for handling different processes and machineries in industries replacing human beings. Main purpose of automation was to increase productivity and reduce the cost associated with human operators. High productivity, high quality, high flexibility, high information accuracy, and safety are benefits offered by automation owing to which they are gaining popularity. For instance, 3D printing technology in constructions helps to build a building in short time span and without human intervention. Thus, adoption of various automation methods across end-use industries may hinder the growth of fall protection equipment during the forecasted period.

FALL PROTECTION MARKET: KEY SEGMENTS

  • On basis of type: Hard Goods, Soft Goods, Installed System, Access System, Rescue Kit and Service
  • Based on end-use: Construction, Oil & Gas, Energy & Utilities, Transportation, Mining, and Others
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America with individual country-level analysis.

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FALL PROTECTION MARKET: REPORT SCOPE

The report on the fall protection market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018–2027

Base Year for Market Calculation

2019

Forecasted Period

2020–2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Type, End-use, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

KEY COMPANIES COVERED

  • 3M (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Pure Safety Group
  • Honeywell International Inc.
  • FrenchCreek Production, Inc.
  • FallTech
  • MSA
  • W.W. Grainger, Inc.
  • WernerCo
  • Kee Safety, Inc.
  • Petzl
  • Skylotec GmbH
  • Super Anchor Safety
  • SafeWaze
  • Simplified Safety, Inc.
  • Safe Approach Inc.
  • Other Key Companies

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FALL PROTECTION MARKET: REPORT SEGMENTATION

For the scope of the report, In-depth segmentation is offered by Forencis Research

Fall Protection Market, by Type

  • Hard Goods
  • Rope Grabs
  • Anchors
  • Karabiner
  • Retractable Blocks
  • Soft Goods
  • Harnesses
  • Lanyard
  • Ropes
  • Body Belts
  • Installed Goods
  • Vertical System
  • Horizontal System
  • Access System
  • Rescue Kit
  • Service
  • Training
  • Installation and Maintenance

Fall Protection Market, by End-use

  • Construction
  • Oil & Gas
  • Energy & Utilities
  • Transportation
  • Mining
  • Others

Fall Protection Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Thailand
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL FALL PROTECTION MARKET BY TYPE, Market Size in USD Million (2019–2027)

7 GLOBAL FALL PROTECTION MARKET BY END-USE, Market Size in USD Million (2019–2027)

8 GLOBAL FALL PROTECTION MARKET BY REGION, Market Size in USD Million (2019–2027)

9 Competitive Landscape

10 Company Profiles

11 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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